How Leyton worked with Alpha FX to identify over £300,000 of qualifying R&D expenditure in their business
The investment that we have recovered with the help of Leyton will enable us to explore further innovative solutions to better serve our clients and grow our business. Working with Leyton was straight-forward and the team were available whenever we needed them – I would highly recommend Leyton to other companies.
Alpha FX is a currency exchange specialist working internationally for businesses and institutions. They combine their expertise with pioneering technology to help clients achieve better outcomes when managing their currency exposure. This year Alpha FX have developed a client portal to enable their clients to manage their FX exposure across a number of providers and countries.
The Alpha FX team used a custom cloud based platform which supports several programming languages and is used as a web application deployment mode. This allows the developers to build, run, and operate applications entirely within their own custom cloud architecture. The R&D has enabled the team to introduce new functionality which has pushed the platform to the front of the market. R&D has enabled Alpha FX to differentiate themselves within their market because rather than use an existing platform that becomes unwieldy and redundant over time they have built their own one that matches their specific requirements. The team then invested their resource in R&D to ensure the new system would overcome any technological challenges.
The investment in the new system was heavily reliant on R&D and working with Leyton for the first time Alpha FX have successfully claimed tax credits on this expenditure. Leyton identified over £320,000 of R&D expenditure and were able to submit a claim on behalf of Alpha FX for over £80,000 after just 13 days working on this project.
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